The New MLP Landscape

For years, master limited partnerships handily beat the S&P 500, offering high yields and a tax break to boot. What's next?

By

Dimitra DeFotis

February 25, 2013

By

Dimitra DeFotis

February 25, 2013

The U.S. is so awash in hydrocarbons that Hollywood is making movies about the boom, yet one energy investment that should benefit -- master limited partnerships -- hit the brakes in 2012.

MLPs have been perennial favorites of individual investors, thanks to their unique tax structure and high income. Indeed, until last year they had outperformed the Standard & Poor's 500 for a dozen years in a row. Last year, however, the...